Guys how to you transfer from your singapore account to malaysia? i tried instarem but need to register instarem singapore for this purpose.. and register instarem sg need sg address.

Cimb SG -> Cimb my : very good rates
Cimb my -> Cimb sg : avoid at all cost

Transferwise most of the time expensive vs instarem. Is the only fintech I will use for bringing money back to Malaysia should there be a need. There is another fintech based in singapore which allows malaysians to open an account online. Have not tried them yet. But I know this fintech rates is the cheapest.

Cimb sg rates sometimes better than transferwise. Surprisingly. Forget about xe. We cannot use XE. XE is only for westerners.

Hehe... Only RM10k each time right?

used to be 10, now 5

I still checked. Whichever give me the best rate gets my business. I use instarem, bigpay, moneymatch with transferwise being the most expensive. Bigpay is the slowest. Sometimes way cheaper than the rest.

That's for credit card topup. But not overseas transfer.

So far none. Hope revolut comes to malaysia. Bigpay pretty much copy everything revolut have but revolut I know can store foreign currency.

Happy to share that I have successfully opened my OCBC Singapore account with just my IC and Passport.

The process of applying through the app is a bit a pain in the ass, as needs to do several times for the app to accept my IC. Tips, the ic can be slightly outside the rectangle.

Took about 3 working days for the account to be approved. Was given Global Savings Account and Statement Savings Account.

Initial deposit required is just SGD1000, it can be from your Singaporean bank account or Malaysian bank account. I already have Maybank SG account. So this is very seamless.

Despite the T&C showing initial deposit for non-resident Statement Savings Account is SGD20k. I just needed to deposit SGD1k. Not sure if this only applies for Malaysians or what.

Regardless, even if the fall below fee for non-resident Statement Savings Account which is 20k is imposed as per T&C (no fee for first year), don't worry, we can go around this. 

Once you have access to the OCBC SG online banking, you can immediately apply for other accounts like OCBC 360 (minimum balance 3k) or OCBC Frank (minimum balance 1k), Monthly Savings account (minimum balance 500) or other OCBC SG accounts. I prefer OCBC 360. I will close Statement Savings Account after this.

So for all Malaysians residing in Malaysia, with no SG pass whatsoever. Right now we have 3 easy options for SG bank accounts (Maybank, CIMB and OCBC), everything done online, super easy.

For those who are interested to apply OCBC SG account, can use my referral code -------- . You will get SGD15, and I will get SGD15.

Use Ibkr US/UK. Avoid IBKR sg at all cost.

That is just location of the server. To know what Ibkr you got, go generate your statement and you will see what IBKR you are.

I don't know what more cost. Cause moneymatch and Sunway money fees are fixed at RM8.00 and RM1.00/transaction respectively. Unless you are counting amount/RM8.00 or RM1.00.

No issue. Just show them where your money comes from. Moneymatch and Sunway money have asked me for proof of income numerous time, give them bank statement and money will go though.

Big amount normally just ask source of income $$$...

U got nothing to hide why worries

Just give your local bank statement & salaries slip...

They just want some paper trail....

In case readers are confused, our bro Ramjade means Sunway Money, not Sunway pyramid or any money changers in it...

Wise not cheap. They have always been more expensive than others but cheaper than instarem.That's why I never ever use wise. Always been a Sunway money guy until this year someone told me moneymatch cheaper.

1. Open sg bank account cimb or OCBC sg Instructions are here.
2. Open moneymatch or Sunway money
3. Open ibkr and moomoo sg (you need VPN with sg IP for that)
4. Use moneymatch or sunwys money to change your RM into SGD and transfer your money into CIMB sg or OCBC sg
5. Use FAST transfer to move your SGD into either Ibkr or moomoo sg.
6. If you want usd, you can convert using ibkr at spot rate (market rate without any hikeup unlike with banks for USD2.00/coversion)

If you have moomoo sg and SGD, you can buy their SG MMF call Fullerton sgd cash fund giving you 3.8%p a

For USD, you can buy short term treasuries or treasuries ETF via ibkr.

Thanks for the feedback. Use tiger then. How about open moomoo Malaysia? I think it is functioning?

To be honest I open moomoo and tiger for 2 reasons
1. Mmf
2. Real time data only

Rest I use ibkr.

Ibkr does not have real time data. They want you to pay for it.
Moomoo and tiger mmf is better than FSM.

tiger isnt that bad.

it may look bad, but if you take consideration that tiger gives lots of vouchers... it kinda balanced it out

until 31 mar 2024, tiger have option pricing promo, 0.65 per option

wow. sunway money might be really bad from next month onwards

moneymatch will be cheaper the more u change. for smaller amounts, wise still cheaper

previously, if you intend to convert sub RM1k, sunway money is better... once this gets implemented those that only intend to convert in micro amounts have to turn to moneymatch

--edit--
or wise

which platform do u recommend for small amount, say about 1k?

exactly. that's y it was centered at small amounts. also though at the rate rm is dropping, might even lose more while 'accumulating'

though im not sure.

for example in wise

to get sgd5000 it's quoted rm17502.68
to get sgd500 it's quoted rm1750.27

RM1k -> SGD

• Bigpay S$286.25 (note: this is before the RM4.50 transfer fee. first transfer with bigpay is free and i've not had a need to use bigpay since i created account)
  
• money match S$284.39
  
• wise S$285.78
  
• instarem S$285.63
  
• sunway money S$284.72
  

maybe stg wrong somewhere

mine showed rm1750.27 for sgd500 and for sgd5000 just multiply by 10 ie no difference

both quoted a few seconds apart